It is also to enhance the service delivery to forex end users, noting that BDCs occupy a very important position and play critical roles in the nation’s foreign exchange market.
Aminu Gwadabe
The Association of Bureau De Change Operators of Nigeria (ABCON) has charged Bureau De Change (BDC) operators to improve sound corporate governance practices and customer service in their operations.
ABCON President, Dr. Aminu Gwadabe gave this charge in Lagos at the opening session of 2021 yearly nationwide training on BDC Operations.
Gwadabe stated that the training is being organised in partnership with the Central Bank of Nigeria (CBN), the Nigeria Financial Intelligence Unit (NFIU) with the aim of improving professionalism and higher compliance level among BDC operators as well as enhanced service delivery to forex end users. x
BDCs, he noted, occupy a very important position and play critical roles in the nation’s foreign exchange market, which are germane to achieving stable exchange rate and easy access to foreign exchange for members of the public in a conducive environment.
By Kadiri Abdulrahman, The Central Bank of Nigeria (CBN) on March 5 introduced the Naira4Dollar scheme to encourage increased diaspora remittances into the country. Announcing the introduction of the scheme in a circular, Saleh Jibrin, CBN ‘s Director, Trade and Exchange Department, said that it would allow all
Press focuses on Nigerian leader’s resolve to tackle herders and farmers conflicts, others Nigeria-Press-Review May 25, 2021 to 09:54 250 APA – Lagos (Nigeria) The report that President Muhammadu Buhari, has expressed a strong resolve to address the conflicts of herders and farmers permanently and Buhari’s lamentation on the loss of military officers, especially at a time the country is facing a serious security crisis are some of the trending stories in Nigerian newspapers on Tuesday.
The Guardian reports that President Muhammadu Buhari, yesterday, expressed a strong resolve to address the conflicts of herders and farmers permanently, but not without chiding the Southern Governors’ Forum for their recent ban on open grazing, which he described as an act of questionable legality. The president further accused the governors of politicking with
Views: Visits 6 CBN By Babajide Komolafe Foreign exchange speculators may lose over N100 billion in the next one month as the Central Bank of Nigeria (CBN) sustains massive funding for Bureaux De Change (BDC) operators. President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Dr. Aminu Gwadabe, made this assertion last Friday in Lagos, saying the CBN is committed to improving funding for over 5,000 BDCs nationwide in a new move to deepen market liquidity and protect the naira against speculators. He called for return of normalcy to the market as the ongoing speculative behaviour hampering the market operations and stability will come at huge loss to speculators.